DEVELOPING AND MANAGING INNOVATIVE HUMAN CAPITAL IN A KNOWLEDGE ECONOMY

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DEVELOPING AND MANAGING INNOVATIVE HUMAN CAPITAL IN A KNOWLEDGE ECONOMY

Authors

Chubinidze Nino, Pantsulaia Nino

Rubric:Management of innovations
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Annotation

The article discusses the knowledge economy and notes that it is the highest stage in the development of post-industrial and innovative economies. After studying Western literature, the authors of the article came to the conclusion that the terms “post-industrial economy” and “innovative economy” are often used interchangeably in Western sources. According to the authors, the knowledge economy is the highest stage of the innovative economy, the formation, and development of which is considered to be the main factor of human capital.

Keywords

Knowledge-Economy
Innovative Economy
Knowledge-Based Economy.

Authors

Chubinidze Nino, Pantsulaia Nino

References:

  1. Ben-Porath Y., the Production of Human Capital and the Live. Cycle of Earning, Journal of Political Economy, August 1973, p. 363;
  2. Lundvall B.-A. National Systems of Innovation. Towards a Theory of Innovation and Interactive Learning, London: Pinter Publishers, 2002;
  3. Machlup F. Knowledge: Its creation, Distribution, and Economic Significance. – N.Y.: Princeton, 2014. – 237 p.
  4. Mincer J. The Production of Human Capital and the Life-cyclic of Earnings: Variations on a Theme. — Working Paper of the NBER, No 4838 (2014);
  5. Mulligan C.B. X. Sala-i-Martin. Measuring Aggregate Human Capital. — Working Paper of the NBER, No 5016 (2015);
  6. Solow Robert M., The Economic of Resources and the Resources of Economics, The American Economic Review, Vol. 64, No. 2, Papers and Proceedings of the Eighty-sixth; 2019

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